The Mayfield Independent Board of Education is proposing a general fund tax levy of 72.9 cents on real property and 72.9 cents on personal property.
The General Fund tax levied in fiscal year 2026 was 72.1 cents on real property and 72.1 cents on personal property and produced revenue of $3,406,522.26. The proposed General Fund tax rate of 72.9 cents on real property and 72.9 cents on personal property is expected to produce $3,398,148.83. Of this amount, $202,482.77.00 is from new and personal property. The compensating tax for 2027 is 70 cents on real property and 72.1 cents on personal property and is expected to produce $3,268,801.53.
The proposed rate is not expected to generate more revenue than received in the preceding year.
This information is published pursuant to KRS 160.470. The proposed tax rate is not subject to recall under KRS 132.017.
The General Assembly has required publication of this advertisement and information contained herein.